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Post# of 163724
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hyperboy262626

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hyperboy262626

Re: None

Wednesday, 02/15/2012 8:24:57 PM

Wednesday, February 15, 2012 8:24:57 PM

Post# of 163724
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Disposal proceeds receivable from sale of subsidiaries is due from Mr. Xi Ming Sun, a director of ZhongXingNong Nu Co., Ltd, with $27,026,095 being collected during the nine months ended September 30, 2011 leaving an outstanding balance of $17,973,905 as of September 30, 2011.

During the nine months ended September 30, 2011, Mr. Rui Xiong He sold his land use rights to the Company for $7,042,831.
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